Replies to post #20619 on VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[pelicaninnc]

There has been a world oil glut for at least the last 7 maybe 10 years. Only difference between 40$ and 100$ oil is the so called climate change administration has realized cheap gas helps there poll numbers and saves the bumbling retail consumer, allows the big banks to profit on the short side, and enables the Saudis to take out the shale boom.